Monday, March 28, 2022

Daily Trading Analysis 28.03.2022

Trading Analysis of USD/CAD
USD/CAD will fall to 1.20 in the coming months - Scotiabank.







Our Analysis:

While the price is below 1.2650, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 1.2499
  • Take Profit 1: 1.2365
  • Take Profit 2: 1.2290

Alternative scenario:

If the level 1.2650 is broken-out, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 1.2650
  • Take Profit 1: 1.2785
  • Take Profit 2: 1.2850
Trading Analysis of AUD/USD
AUD/USD: poised to test the October 2021 high at 0.7556 - OCBC.







Our Analysis:

Provided that the currency pair is above 0.7300, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 0.7513
  • Take Profit 1: 0.7550
  • Take Profit 2: 0.7650

Alternative scenario:

In case of break-down of the level 0.7300, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 0.7300
  • Take Profit 1: 0.7050
  • Take Profit 2: 0.6980
Fundamental Trading
Analysis of Johnson & Johnson
Legal challenges are not new to Johnson & Johnson. In 2020 and 2019, the company spent more than $5 billion on litigation-related payments.



Our Analysis:

As long as the price is above the 173.00 level, follow the recommendations below:
  • Time frame: D1
  • Recommendation: long position
  • Entry point: 176.88
  • Take Profit 1: 180.00
  • Take Profit 2: 190.00

Alternative scenario:

If the level of 173.00 is broken-down, follow the recommendations below:
  • Time frame: D1
  • Recommendation: short position
  • Entry point: 173.00
  • Take Profit 1: 167.00
  • Take-profit 2: 162.00
Risk Warning: Forex and CFD trading carry a high degree of risk. As such they may not be suitable for all investors. Investors should ensure they fully understand the risks associated with CFD trading before deciding to trade. Investors may choose to seek independent advice and should not risk more than they are prepared to lose.

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